£145m in funding secured to bring London homes back to good standards

August 12, 2014 10:13 am

The Mayor of London has managed to secure £145m of Government ‘Decent Homes Funding’ that will be used to bring homes across London back to good standards, both in terms of energy efficiency and general repairs, a recent news report on the matter was able to reveal.

As part of this initiative, over 175,000 homes will benefit from carbon-reducing renovations that could save residents up to £180 annually on energy bills. Properties will be given a range of cost effective measures including boiler upgrades, insulation and heating upgrades.

The energy-saving improvements, worth at least £50 million, should be put in place by 2017. Support is expected to initially focus on large landlords, predominantly stock-owning London boroughs and housing associations but the team will also be aiming to support environmental retrofit activity on a much wider scale.

Mayor of London Mr Boris Johnson said: “This vital Decent Homes investment will enable us to help boroughs transform some of the poorest quality council estates and social housing in need of urgent repair.

“Many families are also rightly concerned at the cost of their energy bills so I’m delighted to be able to put in place a programme of energy-saving measures for homes across the capital. This will result in renovations that lower energy bills for thousands of residents.”

The HeatSave thermostatic radiator valves are the easiest to install and most cost-effective energy-saving measures on the market. They are particularly suitable for retrofitting, since one simply has to remove the existing TRV and replace it with the HeatSave unit.

The wireless thermostatic radiator valves enable users to set specific functioning times for each valve, and, since radiators are individually controlled, home owners are fully capable to maximise the zoning potential and reduce energy consumption in those areas that are not used for longer periods of time (as for example, dining or sitting rooms and kitchens during the night, etc.).